Tesla expects the cost of layoffs to exceed 350 billion

The US electric vehicle company Tesla disclosed that for the layoff action in the second quarter, the group must bear a total of $350 million in layoff costs.

Last week, some media reported that Tesla plans to lay off 10% globally.

At the same time, the company maintains the forecast that this year’s capital expenditure will exceed $10 billion, and the expenditure in the subsequent years will be between $8 billion and $1 billion.

Tesla’s first-quarter results announced on Tuesday were worse than the market expected, and it was mentioned that the low-cost electric vehicle will be put into production early next year, one year earlier than the original plan.

Tesla’s stock price soared by 16.1% at one point on Wednesday, and the current increase has narrowed to 9.3%.

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